{"id":8038,"date":"2018-02-02T04:54:59","date_gmt":"2018-02-02T04:54:59","guid":{"rendered":"https:\/\/www.denverpost.com?p=2938714&amp;preview_id=2938714"},"modified":"2018-02-02T04:54:59","modified_gmt":"2018-02-02T04:54:59","slug":"willie-nelsons-marijuana-brand-coming-to-california-expanding-edibles-line","status":"publish","type":"post","link":"https:\/\/cannitrol.com\/blog\/willie-nelsons-marijuana-brand-coming-to-california-expanding-edibles-line\/","title":{"rendered":"Willie Nelson\u2019s marijuana brand coming to California, expanding edibles line"},"content":{"rendered":"<div id=\"wp_fb_like_button\" style=\"margin:5px 0 5px 5px;float:right;height:100px;\"><script src=\"http:\/\/connect.facebook.net\/en_US\/all.js#xfbml=1\"><\/script><fb:like href=\"https:\/\/cannitrol.com\/blog\/willie-nelsons-marijuana-brand-coming-to-california-expanding-edibles-line\/\" send=\"true\" layout=\"standard\" width=\"450\" show_faces=\"false\" font=\"arial\" action=\"like\" colorscheme=\"light\"><\/fb:like><\/div><div class=\"media_block\"><\/div>\n<div class=\"row\">\n<div class=\"large-10 large-centered small-12 columns\">\n<div class=\"entry-meta-date\">Published: Feb 1, 2018, 6:29 pm \u2022 Updated: Feb 1, 2018, 7:24 pm <span class=\"single-comments-link\" \/><\/div>\n<p class=\"byline\">By <span class=\"author\"><a class=\"url fn n\" href=\"https:\/\/www.thecannabist.co\/author\/ap\/\" rel=\"author\">The Associated Press<\/a><\/span><\/p>\n<p>DENVER \u2014 Capital raises in the marijuana industry appear to be continuing unabated since <a href=\"https:\/\/www.thecannabist.co\/2018\/01\/04\/jeff-sessions-rescinding-legalized-marijuana-policy\/95875\/\">the issuance of the Sessions Memo on Jan. 4.<\/a><\/p>\n<p>Country music star Willie Nelson\u2019s cannabis company joined the marijuana funding fray Wednesday with the announcement of a $12 million raise for expansion into new markets.<\/p>\n<p>Nelson\u2019s company, GHC Inc., plans to enter the California market with its Willie\u2019s Reserve brand during the spring of 2018, according to GHC spokeswoman Tia Mattson.<\/p>\n<hr \/>\n<p><strong>Related: <a href=\"https:\/\/www.thecannabist.co\/2016\/08\/09\/willie-nelson-strain-reviews-willies-reserve\/60418\/\">How Willie Nelson\u2019s Reserve line of weed tastes and smokes<\/a><\/strong><\/p>\n<hr \/>\n<p>GHC <a href=\"https:\/\/www.thecannabist.co\/2016\/06\/20\/willie-nelson-weed-hiring\/56231\/\">already has products available in Colorado<\/a>, Oregon, Nevada and Washington state.<\/p>\n<p>The company raised the $12 million in a convertible note, Series B funding.<\/p>\n<p>According to Mattson, the round was led by a network of high-net worth individuals, institutional investors and two cannabis-focused venture capital firms, Tuatara Capital and Hypur Ventures.<\/p>\n<p>The $12 million raise brings GHC\u2019s total raise to nearly $30 million, Mattson said. She added that GHC is confident that a new upcoming funding round aimed at hitting $40 million \u201cwill go quickly\u201d based on \u201ccurrent investor enthusiasm for the market.\u201d<\/p>\n<p>Aside from funding the California expansion, GHC will use the raise to:<\/p>\n<p>\u2014 Expand the company\u2019s edibles line in Washington state.<\/p>\n<p>\u2014 Launch an edibles product line in Colorado.<\/p>\n<p>\u2014 Add \u201cpremium sun-grown cannabis\u201d to its product offerings from \u201csustainable outdoor grows\u201d in Colorado and Washington state, Mattson said.<\/p>\n<p><em>Information from: <a href=\"http:\/\/www.mjbizdaily.com\">Marijuana Business Daily<\/a><\/em><\/p>\n<hr \/>\n<p><strong><\/p>\n<h3>Watch The Cannabist\u2019s interview with Willie Nelson<\/h3>\n<p><\/strong> <\/p>\n<hr \/>\n<p>&#013; &#013; <\/p><\/div>\n<\/p><\/div>\n<p><!-- .row --> <\/p>\n","protected":false},"excerpt":{"rendered":"<div class=\"media_block\"><\/div>\n<p>Country music star Willie Nelson&#8217;s marijuana company announced it had raised $12 million for expansion. <\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[5062,45,52,7289,7498,2435,6957,6813,77,5577,6853,6826,9,1495,6833,5019,6845,1,3,61,1736],"tags":[5063,2628,2632,7291,7499,2436,6960,6818,2655,5580,6854,6828,33,6835,5022,6846],"_links":{"self":[{"href":"https:\/\/cannitrol.com\/blog\/wp-json\/wp\/v2\/posts\/8038"}],"collection":[{"href":"https:\/\/cannitrol.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cannitrol.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cannitrol.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/cannitrol.com\/blog\/wp-json\/wp\/v2\/comments?post=8038"}],"version-history":[{"count":0,"href":"https:\/\/cannitrol.com\/blog\/wp-json\/wp\/v2\/posts\/8038\/revisions"}],"wp:attachment":[{"href":"https:\/\/cannitrol.com\/blog\/wp-json\/wp\/v2\/media?parent=8038"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cannitrol.com\/blog\/wp-json\/wp\/v2\/categories?post=8038"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cannitrol.com\/blog\/wp-json\/wp\/v2\/tags?post=8038"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}